(URGENT) Inflation Report Tomorrow...

The July personal consumption expenditures inflation report on Friday is likely to reassure investors that an initial interest-rate cut by the Federal Reserve is in store for next month — but don’t expect the stock market to celebrate, according to market experts.

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By the numbers: Analysts are expecting quarterly revenue of $28.73 billion and net income of $14.91 billion, according to S&P Capital IQ.

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